A report by the organization Public Citizen, published by the Associated Press, shows that the administration of U.S. President Donald Trump has the largest number of officials with substantial wealth in modern U.S. governance history.
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According to the data, 57 members of the administration possess wealth of at least $100 million. This number is more than four times higher than the total of officials with similar wealth in the administrations of the three previous presidents combined.
This group includes 17 ambassadors and 40 high-ranking officials.
The weight of millionaires and billionaires is also noticeable in the presidential cabinet, where eight of the 23 members of Trump’s cabinet are classified in the category of individuals with wealth of at least $100 million.
Among the names included are Commerce Secretary Howard Lutnick and Education Secretary Linda McMahon, who are billionaires. Also on the list are Deputy Defense Secretary Stephen Feinberg, as well as Small Business Administration Administrator Kelly Loeffler, also billionaires.
Treasury Secretary Scott Bessent and U.S. Special Envoy Steve Witkoff are estimated to have wealth in the hundreds of millions of dollars.
Compared to previous governments, the difference is stark. The administrations of Republican George W. Bush and Democrat Joe Biden each had five members with a net worth of at least $100 million, while Barack Obama’s administration had three.
Trump, who is himself a billionaire, has defended the selection of extremely wealthy individuals for important roles, arguing that wealth can demonstrate financial success and managerial ability.
However, this wealthy composition of his administration comes at a time when the American president is facing growing criticism from the electorate over the way the country’s economy is being managed.
